THE STATE OF MAINE: CITIZEN CENTRIC

REPORT

Governmental Accounting

Dr. Morehead

By: Bree, Makeda and Tabatha

About the Maine AGA Chapter

Mission of AGA To support the careers and professional development of government finance professionals, working in federal, state and local governments as well as private sector and academia.

Vision of AGA Serve as a thought leader for the government accountability.

REPORTING ENTITY

• The Governor and Legislature govern all funds and accounts • All included in the CAFR:• There are 7 major component units • 11 non-major component units • 2 blended component units• 1 fiduciary component unit

ECONOMIC CONDITIONS AND OUTLOOK

• Maine’s economy continues to grow slowly as a whole• Maine’s GDP was slightly higher in 2012 compared to 2011• Small businesses were stable through month to month and was up

from the previous year. • Revenue forecast for the General Fund revenue estimates were

upward of 12.7 million in 2014 fiscal year • 7.9 million in 2015 fiscal year

HIGHLIGHTS OF FY 2014 ACCOMPLISHMENTS

CHAPTER RECOGNITION: BRONZE LEVEL ACHIEVEPROGRAMS AND AUDIO CONFERENCES PROVIDED AN OPPORTUNITY

FOR UP TO 16 CPE UNITSFOUR COMMUNITY SEVICE PROJECTS COMPLETED PROVIDING HELP

TO:• SCHOOL CHILDREN• BOYS & GIRLS CLUB• FOOD BANKS • THE HOMELESS

FINANCIALS

• The Maine National Association of Government Accountants chapter receives the portion of membership fees from designated as the chapter fee from national headquarters and charge fees to help cover monthly meeting costs. • Total revenues come in at $7,808,763• While expenses sum up to $10,427• The chapter uses its funds productively in support of the community.

FUNDS OF MAINE

Governmental funds • General Fund• Special revenue• Capital projects• Permanent fundsProprietary funds• Enterprise • Internal service

CAFR REVENUES

Revenue Sources FY 2013

Program Revenues:Charges for Services $1,051,965

Operating Grants & Contributions $3,054,746

General Revenue: Taxes $3,540,712

Other $161,340

Total Revenue $7,808,763

CAFR EXPENSES

Expenses FY 2013Government Activities:Government SupportEducationHealth & Human ServicesJustice & ProtectionOther Interest

$428,011$1,581,556$3,657,573

$401,656$384,852$516,398

$46,541

Business Type:Employment Security

$169,334

Lottery 

$176,094

Military & Equip MaintenanceDinigo Health

$36,971

$56,229

Other $19,213

Total Expenses $10,427.80

WHAT’S NEXT??

• The initiative for next year is to apply for and use the Membership Recruitment Scholarship from AGA National to attract non members to our monthly meetings to encourage them to join.

• Work toward sustainable operational practices such as, Conferences based on topics with highest interest levels and to optimize our profit/loss profile while still offering members this valued service.

What’s next Continued..

PROGRAMS AND TECHNICAL MEETINGS

• Ideas and preferences for meeting topics will continue to be solic' ited from chapter members and topics that have generated substantial interest in the past will be given preference.

• In our selection of programs, we will strive to cover topics that are timely and address the biggest challenges and highest interest for the membership.

What’s next continued…

PLANNING/KEY INITATIVES

FOUR CAMPAIGN’S ARE PLANNED TO SUPPORT LOCAL AGENCIES AS FOLLOWS:

• School Supplies for Domestic Violence

• Shelter Oct-Dec Socks, hats gloves for Bread of Life Homeless Shelter

• Jan-Feb Non-perishable food items for Augusta Food Bank Mar-Apr

• Big Brothers/Big Sisters‘ Bowl for Kid's Sake